Project Fundamentals (PMBOK® Guide Fifth Edition)

Existing project managers pursuing certification in recognition of their skills and experience, or others training to become accredited project managers


Expected Duration
55 minutes

Every project is different. Some are small and straightforward. Others are large and complex. Most are somewhere in the middle. Even though every project is unique, they all have certain attributes in common. Every project has a similar life cycle, starting with an idea, progressing through development, and culminating in the delivery of a finished product or service. A product has a life cycle of its own which is tied into – yet distinct from – the life cycle of the project. All projects have similar overall phases, such as the start-up phase, the planning and design phase, the production phase, and the closing phase. That is all straightforward, but how do a project’s phases relate to the stages of its life cycle? Do the natural phases of a project affect the way it is managed? And what types of project management processes should be applied to the specific phases? These are all fundamental questions project managers ask. This course answers these questions and more. It is designed to give project managers and project team members a solid understanding about the nature of projects, how they are structured, and how the structures affect the way they are managed. Specifically, it introduces the concepts of project life cycle, product life cycle, project phases, and project management Process Groups. It provides an in-depth look at how the project management phases interact with each other and with the elements of the project life cycle. The course illustrates these concepts through many examples of small and large projects. Learners will also be introduced to the fundamental source of information for project management professionals: the Project Management Institute (PMI®) and A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition published by PMI®. The course will identify key project management concepts and terms, explore the PMBOK® Guide, and the project management Knowledge Areas. This course provides a foundational knowledge base reflecting the most up-to-date project management information so learners can effectively put principles to work at their own organizations. This course will assist in preparing the learner for the PMI® certification exam. This course is aligned with the PMBOK® Guide – Fifth Edition, published by PMI® Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.


Projects and the PMBOK® Guide

  • recognize the characteristics of the project life cycle
  • identify statements that describe the relationship between project and product life cycles
  • identify the characteristics that define project phases
  • recognize the relationship between project phases and the project life cycle
  • identify facts about the Project Management Institute®
  • identify the role of the PMBOK® Guide
  • select statements that describe the iterative nature of the project management process groups
  • identify the project management knowledge areas
  • demonstrate your understanding about projects and the PMBOK® Guide





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